Silicon Valley-based Google proved that it is still a force to reckon with when it comes to mobile search and advertising after posting an 11 percent in revenue in the second quarter.
Google beat expectations after its second-quarter net income soared USD3.4 billion on an 11 percent rise in revenue to USD17.7 billion.
Google’s new chief financial officer Ruth Porat said during her first earnings call at the company that Google continues to close the gap between mobile and desktop search monetization.
The announcement immediately sent Google’s shares up by more than 11% to nearly USD650 in after-hours trade. – BusinessNewsAsia.com